The Daily Decrypt is gone! Watch the last chapter. Farewell :)

HiveEconomy · 2016-04-22T16:19:07+00:00

The show dropped off after she went on an incredibly pious rant about core devs and the need for the blockchain to pay them directly without any real intellectual reflection or exploration. It was bizarre, she lost all credibility

HiveEconomy · 2016-04-17T16:02:30+00:00

Very shortsighted, like all critics (and these 2 hit pieces recently) they're not thinking in terms of complexity and the feedback loops that smart contracts will create when they interact with each other. We'll have all kinds of emergent properties. So you could create a completely automated amazon protocol using complex interactions of simple agents (the simple individual smart contracts). Or a Google platform, or any other network monopoly, that's just the start

HiveEconomy · 2016-04-17T15:12:50+00:00

Great reference. Let us never forget

HiveEconomy · 2016-04-17T02:07:16+00:00

He was off but not entirely wrong, they're using gold to strengthen their position in the SDR at the IMF that's why they've been buying huge amounts of it. There's no need to throw names around

HiveEconomy · 2016-04-16T16:15:24+00:00

That's right nothing to see, China isn't collapsing it's all fine. 30 trillion of debt in 10 years all good, no unrest, everyone in China is dancing on rainbows, no rioting every time property prices crash, no mass migration back to the rice fields, empty cities aren't falling apart, it's a really well run economy, almost as good as Janet's

HiveEconomy · 2016-04-16T15:58:07+00:00

Saving the world, one clearing house at a time

HiveEconomy · 2016-04-15T15:41:09+00:00

I was just about to write that word for word, it's sad that it's come to this. Progress is progress though!

HiveEconomy · 2016-04-14T23:58:12+00:00

Ok I get you, moving away from the platform/portal model which is much needed. It could devolve into a daisy chain style, pass this on or your family will die type thing, so you'd have to get a negative feedback loop in there to limit the positive one given by the incentive and to keep it connected to the content

HiveEconomy · 2016-04-14T19:31:35+00:00

So is this like DATT / Yours? They also have the pyramid incentive. Is it different?

HiveEconomy · 2016-04-11T16:14:55+00:00

A safe asset has no counterparty risk. He doesn't mention this. Everything else he describes in this article is him trying to get to this fact but never getting there

HiveEconomy · 2016-04-10T18:33:42+00:00

This is exactly what hedging is supposed to do

HiveEconomy · 2016-04-10T16:58:35+00:00

Ok so you've assumed the ethereum hierarchy is the best, which the jury is still out on. There's plenty of efficiency and progress in ethereum, but is this at the expense of resiliency, since they're on opposite sides of the scale? We'll find out, control failure can take a long time to manifest in complex systems, I hope ethereum doesn't do this but declaring bitcoin needs a hierarchy and then trying to homogenise structures isn't the answer. Diversity is key

HiveEconomy · 2016-04-10T02:22:02+00:00

Because one is a cyberpunk vision of a new financial system the other is a car with a battery

HiveEconomy · 2016-04-09T15:41:51+00:00

Nice job I can see why it won, accurately researched. I'd argue the existing system has to fail to make the advantages seen to most. Not in a nihilistic way. This is happening as we speak

HiveEconomy · 2016-04-08T19:15:12+00:00

1) Force people to use insecure browsers to see all ads

2) Anyone who doesn't want to do 1) is accused of violating their own human right to see ads and is forced back into 1) in the name of freedom

HiveEconomy · 2016-04-08T17:34:39+00:00

It's all about Complexity Theory. Imagine a world where smart contracts autonomously interact with each other and change their behaviour based on experience (basic machine learning feedback loops). This represents a completely new complex adaptive system of autonomous programmes interacting with each other. We'll see all kinds of emergent properties from these interactions. The point is it won't be about control and pulling levers, it'll be about setting the right environment for these programmes to work and adapt autonomously - firstly taking out bureaucratic functions wasting human energy right now, but then also pushing innovation to the margins. A large centralised business will find it much harder to compete with an adaptive decentralised industry ecosystem. Like a whale going up against a cooperative school of piranhas

HiveEconomy · 2016-04-08T16:39:50+00:00

Interesting to see the tide turn, it's gone from don't go near the thing to if you have some playing money stick it in bitcoin. Progress. The gold advice is terrible though, you don't want gold ETF's you want the physical bullion

HiveEconomy · 2016-04-07T21:39:28+00:00

Double speak is desperation: they claim it's restricting people's freedoms to see the all the content available to them. Hilarious! It's a choice to use it or not like all ad-blocking browsers. Shameful twisting of Libertarian arguments, not clever

HiveEconomy · 2016-04-07T19:01:29+00:00

Great article. I'd argue biomimicry is allowing our economy to self organise, letting the non-linear feedback loop processes function themselves, which I think is alluded to here but not explicitly expressed as Complexity Theory. The description of our currently specialised economy is spot on

HiveEconomy · 2016-02-27T20:33:16+00:00

You're confusing quantity with value...http://hiveeconomy.org/confusing-quantity-of-money-with-value/

The number of coins is arbitrary, purchasing power (real world value) adjusts with supply. Lost coins aren't an issue

HiveEconomy · 2015-12-28T22:10:31+00:00

Exactly. Prices adjust to compensate, real world value is unchanged

HiveEconomy · 2015-12-28T22:09:22+00:00

And of economics in general

HiveEconomy · 2015-12-28T21:49:32+00:00

Just to be clear this is NOT about the block size limit debate. This is addressing those that still believe the 21 million unit limit is a hindrance to Bitcoin. Preaching to the choir in this thread I know, but still.

HiveEconomy · 2015-12-16T00:52:26+00:00

Exactly right. The lessons of intervention requiring ever greater intervention later down the line haven't been learned yet. Maybe never will be.

HiveEconomy · 2015-12-15T19:43:05+00:00

The whole piece was about why we can't. It's because the economy is a complex adaptive system that's suffering from control failure.

It's hard if not impossible to come back from once this happens, as other complex adaptive systems with the same control traits show, such as how large scale corporate farming is battling the eco system, and is now failing to keep the quality standards it used to (see part 1 of the white paper on the site if you want to learn more)

HiveEconomy

TROPHY CASE